The global neurosurgery surgical power tools market size is anticipated to reach USD 1.66 billion by 2030, exhibiting a CAGR of 3.7% from 2024 to 2030. Increasing incidence of Traumatic Brain Injuries (TBI), Acquired Brain Injuries (ABI), other neurological disorders, and increasing adoption of minimally invasive neurosurgeries is anticipated to aid growth.
TBIs, which occur due to sports injuries or in serious car accidents, form one of the key factors expected impel growth. In the U.S., every year, around 2.6 million people suffer from TBI or similar type of brain injury. According to American Association of Neurosurgical Surgeons, in the U.S., around 1.7 million TBI cases are diagnosed each year. In addition, according to National Stroke Association, approximately 130,000 Americans die from stroke each year. In addition, TBI is a major concern among the geriatric population, with an increasing rate of death and hospitalization linked to it.
Technological advancements such as the Medtronic Stealth Station S8, which is a brand new tracking tool for neurosurgery systems, are driving the market. This system includes 3D cameras and electromagnetic sensors that enable enhanced tracking. It can easily connect to intrasurgical CT scanners and MRIs. Thus, growth can be attributed to the technological advancements and increasing adoption of minimally invasive procedures in neurosurgeries.
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TBIs, which occur due to sports injuries or in serious car accidents, form one of the key factors expected impel growth. In the U.S., every year, around 2.6 million people suffer from TBI or similar type of brain injury. According to American Association of Neurosurgical Surgeons, in the U.S., around 1.7 million TBI cases are diagnosed each year. In addition, according to National Stroke Association, approximately 130,000 Americans die from stroke each year. In addition, TBI is a major concern among the geriatric population, with an increasing rate of death and hospitalization linked to it.
Technological advancements such as the Medtronic Stealth Station S8, which is a brand new tracking tool for neurosurgery systems, are driving the market. This system includes 3D cameras and electromagnetic sensors that enable enhanced tracking. It can easily connect to intrasurgical CT scanners and MRIs. Thus, growth can be attributed to the technological advancements and increasing adoption of minimally invasive procedures in neurosurgeries.
Neurosurgery Surgical Power Tools Market Report Highlights
- Drill segment dominated the market and accounted for a share of 27.8% in 2023 due to its growing utilization in minimally invasive surgical operations.
- Electric segment dominated the market and accounted for a share of 43.5% in 2023 due to their ability to work faster.
- Battery-powered segment is expected to grow at the fastest CAGR of 4.3% over the forecast period due to their ergonomic design and higher efficiency than traditional tools.
- North America neurosurgery surgical power tools market dominated the market in 2023. The market's growth can be attributed to the rise in brain injuries & other neurological disorders and the presence of experienced neurosurgeons.
The leading players in the Neurosurgery Surgical Power Tools market include:
- B. Braun Melsungen AG
- Stryker
- Medtronic
- Zimmer Biomet.
- AYGUN
- KARL STORZ SE & Co. KG
- Johnson & Johnson Services, Inc.
- De Soutter Medical
- adeor medical AG.
- ACRA-CUT Inc.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Neurosurgery Surgical Power Tools Market Variables, Trends, & Scope
Chapter 4. Neurosurgery Surgical Power Tools Market: Tool Type Estimates & Trend Analysis
Chapter 5. Neurosurgery Surgical Power Tools Market: Power Type Estimates & Trend Analysis
Chapter 6. Neurosurgery Surgical Power Tools Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Neurosurgery Surgical Power Tools market include:- B. Braun Melsungen AG
- Stryker
- Medtronic
- Zimmer Biomet.
- AYGUN
- KARL STORZ SE & Co. KG
- Johnson & Johnson Services, Inc.
- De Soutter Medical
- adeor medical AG.
- ACRA-CUT Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.29 Billion |
| Forecasted Market Value ( USD | $ 1.66 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
